MDU Resources Group Inc. (MDU) Reaches New 12-Month High at $24.67
Shares of MDU Resources Group Inc. (NYSE:MDU) reached a new 52-week high on Wednesday . The company traded as high as $24.67 and last traded at $24.27, with a volume of 453,248 shares traded. The stock had previously closed at $24.38.
A number of research firms have recently weighed in on MDU. TheStreet raised shares of MDU Resources Group from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Zacks Investment Research raised shares of MDU Resources Group from a “sell” rating to a “hold” rating in a research report on Friday, April 22nd. Finally, Argus raised shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.90.
The company has a 50-day moving average price of $23.04 and a 200-day moving average price of $19.67. The firm’s market capitalization is $4.62 billion.
MDU Resources Group (NYSE:MDU) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The firm had revenue of $905.20 million for the quarter, compared to analyst estimates of $971.63 million. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.12 earnings per share. On average, analysts forecast that MDU Resources Group Inc. will post $1.14 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Thursday, June 9th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $0.75 annualized dividend and a yield of 3.17%.
A number of large investors recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in MDU Resources Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,613 shares of the company’s stock valued at $1,037,000 after buying an additional 300 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in MDU Resources Group by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 125,771 shares of the company’s stock valued at $2,305,000 after buying an additional 42,730 shares during the period. Comerica Bank raised its stake in MDU Resources Group by 0.3% in the fourth quarter. Comerica Bank now owns 137,564 shares of the company’s stock valued at $2,407,000 after buying an additional 459 shares during the period. Mutual of America Capital Management LLC raised its stake in MDU Resources Group by 1.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 131,708 shares of the company’s stock valued at $2,413,000 after buying an additional 1,921 shares during the period. Finally, Matarin Capital Management LLC bought a new stake in MDU Resources Group during the fourth quarter valued at $2,589,000.
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
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